Which is the most accurate statement?
A. We are living well beyond our means and we face an imminent financial crisis as foreigners refuse to accept U.S. dollars.
B. We cannot continue running huge current account deficits.
C. We can easily run up larger and larger current account deficits without any serious consequences.
D. Large and growing current account deficits are good for our economy.
B. We cannot continue running huge current account deficits.
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If the interest rate received in Mexico is greater than that obtained in the United States,
A) the demand for loans will increase in Mexico. B) the supply of loans will decrease in the United States. C) the supply of loans will decrease in Mexico. D) the demand for loans will decrease in the United States.
Consumption:
A. is a major component of aggregate demand. B. is negatively related to the national price level. C. measures people's expenditures on real goods and services. D. All of these are true.
Economists use the term ______ to refer to fluctuations in economic activity, such as employment and production
Fill in the blank(s) with correct word
Which firm would you expect to make the lowest profits, other things equal?
A. Bertrand oligopolist B. Sweezy oligopolist C. Stackelberg leader D. Cournot oligopolist